Global Fund for a New Economy Inc
Global Fund for a New Economy Inc. (GFNE) is a public charity based in Alameda, California, formed in 2024. It describes itself as a field-builder and collaborative fund that mobilizes resources, ideas, and leadership to advance a more inclusive, equitable, and sustainable economy.
Key facts about Global Fund for a New Economy Inc
In short: Global Fund for a New Economy Inc gave $2.4M across 15 grants in 2025 (avg $162K), top state Illinois. Source: 2025 IRS Form 990.
- EIN
- 99-1955874
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $2,424,025
- Grants made (2025)
- 15
- Average grant
- $161,602
- Median grant
- $65,000
- Total assets
- $12,895,734
- Primary geography
- Illinois (41% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$12.9M
+4590.2% YoY
Annual Giving
$2.4M
Grant Count
15
Avg Grant Size
$162K
Mission & Focus Areas
GFNE’s stated mission is to support the social infrastructure needed to turn new economic thinking into real-world policy and practice. It identifies that infrastructure as including think tanks, civil society alliances, communications platforms, academic centers, and the connections among them. Its website describes a vision of economic systems grounded in equity, sustainability, and shared prosperity.
The website identifies three thematic priorities: green industrial strategy, the political economy of artificial intelligence, and global governance reform. It describes work in these areas as including policy development, research, coalition-building, and convening. GFNE says its work currently focuses on ten strategically selected countries, but does not name them in the provided materials.
GFNE’s 2025 filing says it predominantly makes general-support grants. The grantees’ stated missions indicate the range of organizations it supported: for example, Americans for Financial Reform Education Fund says it works toward a fair and just financial system, while United States Energy Foundation says its mission is to secure a clean and equitable energy future. Oil & Gas Action Network describes research, public education, and advocacy concerning the effects of oil and gas extraction on the environment and human health.
Grantmaking
In filing year 2025, GFNE reported 15 grants totaling $2,424,025. Grant amounts ranged from $14,025 to $1,000,000, with a median grant of $65,000. The listed grants were reported for charitable and educational activities.
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Geographic Focus
Where this funder awards grants
GFNE’s website says it works at multiple levels, from local to global, and across different geographies. It identifies ten focus countries and engagement with global and regional governance institutions, but does not name the countries in the provided materials. In 2025, grant dollars went to recipients in Illinois (41%), New York (30%), California (18%), Washington, D.C. (8%), and Massachusetts (2%).
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 15 grants totaling $2.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Action Center on Race and the Economy Institute ($1.0M). Together the top 10 received $2.2M.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $50–100K range: 7 grants of 15 (47%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Action Center on Race and the Economy Institute Chicago, IL | Charitable and Educational Activities | $1,000,000 |
| Goodnation Foundation Inc New York, NY | Charitable and Educational Activities | $342,500 |
| Sustainable Markets Foundation New York, NY | Charitable and Educational Activities | $242,500 |
| Americans for Financial Reform Education Fund Washington, DC | Charitable and Educational Activities | $150,000 |
| Oil & Gas Action Network Berkeley, CA | Charitable and Educational Activities | $135,000 |
| United States Energy Foundation San Francisco, CA | Charitable and Educational Activities | $135,000 |
| Acce Institute Sacramento, CA | Charitable and Educational Activities | $65,000 |
| Working Partnership USA San Jose, CA | Charitable and Educational Activities | $65,000 |
| Ai Now Institute New York, NY | Charitable and Educational Activities | $50,000 |
| American Economic Liberties Project Washington, DC | Charitable and Educational Activities | $50,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $12,895,734 | $17,875,325 | $7,506,748 | $2,424,025 across 15 grants |
| 2024 | $274,950 | $500,165 | $251,564 | 0 grants |
| Metric | 2025 | 2024 |
|---|---|---|
| Total Assets | $12,895,734 | $274,950 |
| Revenue | $17,875,325 | $500,165 |
| Expenses | $7,506,748 | $251,564 |
| Net Investment Income | $2,745 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS July 13, 2026)
- Added Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Connie Razza as board chairman; Brian Kettenring and Adriana Abdenur as co-presidents; Satbir Singh as a board member; and Samantha Bastian as chief operating officer.
Global Fund for a New Economy Inc is led by Brian Kettenring, Co-President on every filing since 2024; 3 of 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Brian Kettenring
Co-President
On filings since 2024
40 hrs/week
$58K (2025)
Adriana Abdenur
Co-President
New on the 2025 filing
40 hrs/week
$64K (2025)
Connie Razza
Board Chairman
Board Chair → Board Chairman, 2025
On filings since 2024
0.5 hrs/week
No compensation reported
Samantha Bastian
Chief Operating Officer
New on the 2025 filing
40 hrs/week
$197K (2025)
Satbir Singh
Board Member
On filings since 2024
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $197K, to Samantha Bastian (Chief Operating Officer). 3 officers or directors reported compensation on that filing.
Contact
Mailing address: 909 Marina Village Parkway 195, Alameda, CA 94501
Phone: (877) 829-5500
Website: https://globalneweconomy.org
Frequently asked questions about Global Fund for a New Economy Inc
How much does Global Fund for a New Economy Inc give each year?
Global Fund for a New Economy Inc gave $2.4M across 15 grants in 2025, according to its 2025 IRS Form 990.
What is Global Fund for a New Economy Inc's typical grant size?
Global Fund for a New Economy Inc's median grant in 2025 was $65,000, and its average grant was $161,602, across 15 grants on its 2025 IRS Form 990.
Where does Global Fund for a New Economy Inc give grants?
Global Fund for a New Economy Inc's top state is Illinois, with 41% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were New York (30%) and California (18%). The most frequent recipient cities were New York, NY (3 grants), Washington, DC (2 grants) and San Francisco, CA (2 grants).
Does Global Fund for a New Economy Inc give general operating support?
Not in 2025: none of the 15 grants with a stated purpose on Global Fund for a New Economy Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Charitable and Educational Activities" (15 grants).
Who are Global Fund for a New Economy Inc's largest grantees?
Global Fund for a New Economy Inc's largest 2025 grantees include Action Center on Race and the Economy Institute ($1,000,000), Goodnation Foundation Inc ($342,500) and Sustainable Markets Foundation ($242,500), according to its 2025 IRS Form 990. Together they received 65% of its itemized 2025 grant dollars.
How large is Global Fund for a New Economy Inc?
Global Fund for a New Economy Inc reported $12.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $17.9M.
What does Global Fund for a New Economy Inc fund?
GFNE’s stated mission is to support the social infrastructure needed to turn new economic thinking into real-world policy and practice. It identifies that infrastructure as including think tanks, civil society alliances, communications platforms, academic centers, and the connections among them. See mission & focus areas ↑
How do I apply for a grant from Global Fund for a New Economy Inc?
Global Fund for a New Economy Inc has no public application process in the sources Grantable reviewed. Check globalneweconomy.org for current guidelines, or contact the foundation directly before submitting a request.
What is Global Fund for a New Economy Inc's EIN?
Global Fund for a New Economy Inc's EIN (Employer Identification Number) is 99-1955874. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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